Year: 1991
Type: article
Abstract: The theoretical basis and potential applicability of Kula's modified discounting method (1988) are reconsidered in this paper. A more general discounting model, labeled multigenerational value (MV), is derived from utilitarian principles. The equity implications of multigenerational discounting are analyzed, with mixed results. Variants ofMVare shown to be applicable to private investments, sequential decisions, public goods, and other contexts.
Source: Project Appraisal
Author: William K Bellinger
Institution: Dickinson College
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2046554132